Pension of ex-Govt employees to be net of Income Tax
No BPS/ SG/pension/I.Tax/018/1
The Arun jaitley ji
Honorable Cabinet Minister for Finance
Government of India
Subject: Pension of ex-Govt employees to be net of Income Tax
Sir,
Dated: 23.11.2018
ToThe Arun jaitley ji
Honorable Cabinet Minister for Finance
Government of India
Subject: Pension of ex-Govt employees to be net of Income Tax
Sir,
With passage of time, the purchase value
of pension due to steep rise in the cost of food items, caregivers and
medical facilities etc gets substantially reduced. Due to inflation
coupled with low interest rates value of their deposits in Banks/Post
offices etc too go on reducing year by year adversely affecting the
net-worth of Pensioners. Thus compelling them to compromise their
standard of dignified living.
As was worked out & recommended by
TECS (Tata Economic Consultancy Services) consultant to Vth CPC (Para
127.9 Vol III 5th CPC report) Pension need to be 67% of the last drawn
to enable a pensioner to live with the same standard to which he was
living while in service (Supreme Court pronouncement in DS Nakara vs
UOI) but only 50% of last drawn is being paid. Old age relief given to
Sr citizen in Income tax is too little to compensate.
You are therefore, requested to
reconsider & accept the recommendation of Vth CPC vide their
167.11(copy attached) in this regard and spare the pension/family
pension along with DR & FMA from the levy of income-tax.
Further to compensate fall in purchase
value of their savings in deposits with banks & post offices rate of
interests for senior citizens on their deposits should be 2% above the
normal rate of interests as against the existing 0.25% to 0.50%.
Hoping for your sympathetic consideration
Thanking you in anticipation
With Regards
Sincerely yours,
S.C.Maheshwari
Secy Genl Bharat Pensioners Samaj
Sincerely yours,
S.C.Maheshwari
Secy Genl Bharat Pensioners Samaj
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